Trisura Group (TSE:TSU) Trading Down 0.5% – Here’s What Happened

Shares of Trisura Group Ltd. (TSE:TSU) dropped 0.5% during trading on Friday . The stock traded as low as C$42.56 and last traded at C$43.00. Approximately 780,311 shares traded hands during mid-day trading, an increase of 639% from the average daily volume of 105,660 shares. The stock had previously closed at C$43.20.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on TSU shares. Desjardins set a C$56.00 target price on shares of Trisura Group and gave the stock a “buy” rating in a report on Thursday, December 18th. National Bank Financial upped their price target on shares of Trisura Group from C$57.00 to C$59.00 and gave the company an “outperform” rating in a report on Wednesday, February 4th. ATB Cormark Capital Markets increased their price target on Trisura Group from C$46.75 to C$52.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. Finally, Canadian Imperial Bank of Commerce set a C$59.00 price objective on Trisura Group and gave the company an “outperform” rating in a research note on Friday, February 27th. Six equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$55.13.

Trisura Group Stock Performance

The company has a current ratio of 16.58, a quick ratio of 0.22 and a debt-to-equity ratio of 16.98. The stock has a market capitalization of C$2.05 billion, a PE ratio of 14.68 and a beta of 0.34. The firm’s fifty day moving average price is C$44.79 and its two-hundred day moving average price is C$41.64.

Trisura Group (TSE:TSU) last announced its quarterly earnings results on Thursday, February 12th. The company reported C$0.75 earnings per share (EPS) for the quarter. The firm had revenue of C$200.31 million for the quarter. Trisura Group had a net margin of 5.51% and a return on equity of 16.30%. As a group, equities research analysts forecast that Trisura Group Ltd. will post 3.1349036 EPS for the current year.

About Trisura Group

Trisura Group Ltd is a Canadian based company engages in the provision of specialty insurance. The company’s operations currently include specialty property and casualty insurance (Surety, Risk Solutions, and Corporate Insurance business lines), underwritten predominantly in Canada. The operating business segments are Trisura Guarantee, Trisura Specialty, and Trisura International. The Trisura Guarantee segment generates maximum revenue, which offers Surety, Risk Solutions and Corporate Insurance products underwritten in Canada as well as the operations of Trisura Warranty.